Our first hypothesis states that firms qualifying their bonus plans
under 162(m) will compensate their CEOs less for extreme performance.
Lynn Franco, an economist with New York-based The Conference Board who conducted the study, said the primary reason for the decrease lies in the degradation of basic employee benefits: wages, promotions, bonus plans
, pension plans, medical coverage and other corporate benefits.
Briefly, earnings-based bonus plans
and restrictive debt covenants can create economic incentives for managers to manipulate earnings.
It can include profit-sharing and stock bonus plans
I've worked under bonus plans
for more than 25 years," Mach said in the initial meeting, "and I'm a believer that they work.
The pact eliminates the existing metal price and plant-specific bonus plans
and calls for negotiations of new plant-specific bonus plans
at all locations.
In relation to previous years' bonus awards that have been deferred under the terms of the Annual Bonus Plans
the elements relating to the 2010 and 2011 bonus that were deferred into shares will lapse in accordance with the rules of the plan, as will outstanding awards under the Long Term Incentive Plans & the One Aviva Twice the Value (OATTV) plan.
With most banks expected to announce their bonus plans
next week, a cutback in bonus pools is expected by industry observers.
The employer in this memorandum sponsored multiple bonus plans
that paid cash awards to employees.
ADVERTISING and marketing giant WPP yesterday faced a nearrevolt from shareholders over their multi-million pound bonus plans
for top bosses as they reported "below budget" revenues.
Section 162 bonus plans
have also been making a comeback at many private companies.
Consumers' desire for unrealistic high returns on their investments has been the driving force behind the push for more profits, outrageous salaries for chief executive officers, golden parachutes, bonus plans
, stock options, etc.